Group income statement

Amount in SEK million	2020	2019

Net sales	86,864	88,213
Cost of goods sold	-70,315	-71,341
Gross profit	16,549	16,872

Sales expenses	-10,378	-10,385
Administrative expenses	-5,462	-5,034
Shares in associated companies’ earnings	-140	-33
Other operating income	1,464	953
Other operating expenses	-273	-129
Operating profit before items affecting comparability	1,760	2,244

Profit from financial items
Profit from securities and receivables that are fixed assets	-2	19
Other interest income and similar items	-40	100
Interest expenses and similar income items	-50	-95
Profit after financial items before items affecting comparability	1,669	2,267

Items affecting comparability	–	–
Profit before tax	1,669	2,267

Tax on profit for the year	-619	-743
Profit after tax	1,050	1,524

Attributable to
Parent company shareholders	239	712
Holdings without a controlling interest	811	812

ProfitAX
Profit before tax	1,669	2,267
Goodwill amortization	848	822
Goodwill amortization associated companies	276	213
Adjustment of IFRS 16 and IAS 19 in Axfood	60	73
Other adjustments	-99	25
Items affecting comparability	0	0
	2,754	3,400

Depreciation and write-downs included in the 2019 earnings
	Goodwill	Other intangible	Tangible	Associated companies	Total
Cost of goods sold	-332	-170	-719		-1,221
Sales expenses	-486	-74	-257		-817
Administrative expenses	-28	-129	-120		-277
Other operating expenses	-2	-4			-6
Shares in associated companies’ earnings				-318	-318
	-848	-377	-1,096	-318	-2,639

Depreciation and write-downs included in the 2018 earnings
	Goodwill	Other intangible	Tangible	Associated companies	Total
Cost of goods sold	-369	-182	-682		-1,233
Sales expenses	-430	-57	-270		-757
Administrative expenses	-20	-113	-99		-232
Other operating expenses	-3	-1			-4
Shares in associated companies’ earnings				-253	-253
	-822	-353	-1,051	-253	-2,479